Despite those warnings, help for Puerto Rico did not make the cut in the $1.1 trillion omnibus bill that Congress passed in December. This was one of the few Marxist/Progressive requests that were not honored. Puerto Rico will have a tough time coming up with $957 million owed on interest payments on Jan. 1, not to mention another $422 million owed May 1.
In an effort to tamp down Marxist/Progressive grumbling and ward off a potential revolt, RINO Ryan made a public commitment to act on the Puerto Rico matter in the first three months of 2016. “I am instructing our House committees of jurisdiction to work with the Puerto Rican government to come up with a responsible solution by the end of the first quarter of next year,” Ryan said in a statement one day after the omnibus was unveiled.
There is no “responsible solution” to the position an irresponsible Puerto Rican government has created for itself. The situation is the same situation the European Community has with Greece. The more aid the Greek government has received the direr the situation becomes. Responsibility never has and never will be learned when an individual, a company, or a government is bailed out of self-imposed irresponsible situations.
In the situation with Puerto Rico; if congress does intervene and offers a bailout, the bailout will only postpone the inevitable. Congress will have also set a precedent that will overwhelm the nation. Many states have as bad or perhaps even worse financial woes than Puerto Rico. Many cities are in the same position. Where does congress stop? Detroit was forced to go through the process of solving its own self-created problem, and indications are Detroit is much the better for it.
America's 50 state governments owe over $4.19 trillion. At $617.6 billion, California had by far the biggest total debt, more than twice the total of No. 2, New York, with $300.1 billion owed. Texas, with $287 billion owed, New Jersey, with $282.4 billion, and Illinois, with $271.1 billion, ranked next among states with the biggest total debt.
"Our states are in trouble and no amount of budget gimmicks, political posturing or hiding bills will fix the massive debt that they face," said Bob Williams, president of State Budget Solutions. "Drastic reforms, innovations and political courage are needed to put our states back on the road to fiscal survival."
If congress, under Ryan, should choose the Marxist/Progressive solution for Puerto Rico, then the states will have reason to believe they will also not be held responsible for their irresponsible spending and spread the wealth mentality. It is this same Marxist/Progressive mentality that has created the chaos and upheaval in Greece, Argentina, and Venezuela. The Marxist/Progressives never have accepted the fact their ideology does not work even though they have seen it fail every time it is employed. The next generation of Marxist/Progressives believes they can implement their flawed system in some magical way that it will work for them. These utopia believers fail to understand that one plus one equals two no matter how much you hope and dream it really equals three. This is as certain as it is that the hope and change Comrade Obama promised also always equals failure.